When would you use it?
Complex Buy-to-Let Mortgages can be used for residential and commercial properties – or a mixture of the two.
They are good for mixed properties such as flats over shops, flats with shops, flats over or near restaurants or late night stores (due to noise levels), or buildings with leisure uses such as pubs, where a tenant would live in the property.
They are also useful for divided properties like Houses of Multiple Occupancy, where there are different tenants in the same house, such as student houses, or where multiple separate properties have been created on the same property title, e.g. when one house has been converted into several flats. This is due to the complexity of managing multiple tenants, whilst keeping occupancy levels high.
Foreign business people and expats, offshore companies, and self-employed or retired people can have problems getting Basic Buy-to-Let Mortgages so often use Complex Buy-to-Let Mortgages.
Usually provided through approved distributors, not through intermediaries. For many of the situations in which a Complex Buy-to-Let Mortgage is needed, experience as a landlord is vital
- Reduced landlord exposure limits
- Up to 85% residential LTV
- Up to 75% commercial LTV